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Accounting Basics for Small Business: A Simple Guide

Snyder

Each option has its pros and cons, but no matter which option you choose, it’s important to understand how accounting is handled. So let’s proceed to small business accounting basics. Basic steps in accounting for small businesses. Without an accounting or bookkeeping background, this task may seem daunting.

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An Essential Guide to Accounting and Basic Accounting Principles for Beginners

Snyder

Basic accounting includes five important and significant transaction types: revenue, expenses, assets, liabilities, and equity. Revenue – (also known as sales) the reflection of the customers’ value for the product. help to understand the financial situation better. The Fantastic Four of accounting.

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Finance and Accounting Outsourcing: Benefits for SMBs

Snyder

Here are a few reasons: You have a small business and no need for a full-time employee but you can benefit from an advisory specialist with accounting and bookkeeping expertise. You have an urgent need to get help with reports or reconciliation due to the looming IRS audit , tax season, or your previous bookkeeper is unavailable.